Banking Awareness Questions for IBPS RRBs Exam 2017

Dear Readers,


Just a few months are left for IBPS RRBs Mains It is time to pace up your preparation of Banking Awareness for IBPS RRBs PO and Clerk Mains. These Banking questions will also help you in preparing for other upcoming banking recruitment examination.

Q1. The largest shareholder of a public sector bank is-
(a) RBI
(b) Government of India
(d) All of the Above
(e) None of the given options is true

Q2. Which of the following works is/are done by Credit Information Companies?
(a) Collecting records of an individual’s payments pertaining to loans
(b) Maintaining records of an individual’s payments pertaining to credit cards
(c) Creating Credit Information Reports
(d) All of the Above
(e) None of the given options is true

Q3. By which rate is the domestic current rate of currency converted into foreign currency?
(a) Bank Rate
(b) CRR
(c) Stock Exchange Rate
(d) Repo Rate
(e) Exchange Rate

Q4. The Foreign Exchange of India is kept with _________
(a) SBI
(b) ECGC
(c) RBI
(e) SEBI

Q5. Fiscal policy is concerned with which of the following?
(a) Public Revenue and Expenditure
(b) Issue of Currency
(c) Export Import
(d) Population Control
(e) Education for all

Q6. In which of the following types of banking, there is a direct execution of the transaction between a bank and its consumers?
(a) Retail Banking
(b) Universal Banking
(c) Virtual Banking
(d) Unit Banking
(e) None of the given options is true

Q7. Maximum loan amount to individuals against physical security shares can be _____
(a) 20 lakh
(b) 15 lakh
(c) 25 lakh
(d) 50 lakh
(e) 10 lakh

Q8. The process by which the central bank of a country controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth is known as:
(a) Economic Policy
(b) Monetary Policy
(c) Fiscal Policy
(d) Credit Policy
(e) Budgetary Policy

Q9. Loans granted by a bank to an exporter popularly known as ‘Export credit’ is guaranteed, in case of default, by which of the following-
(a) EXIM Bank
(b) Ministry of International Trade, GOA
(c) ECGC
(e) None of the given options is true

Q10. Who amongst the following is the regulator in the financial system of the country?
(a) OIC
(b) SEBI
(d) TRAN
(e) CERC

Q11. Which of the following is the negotiable instrument?
(a) Fixed Deposit of a Bank
(b) Share certificate issued by a PSU
(c) Demand Draft issued by a bank
(d) Debenture of a company
(e) Airway Receipt

Q12. Bank Holidays are covered by which of the following?
(a) As per the order of the GOI
(b) As per the order of the IBA
(c) Negotiable Instruments Act
(d) RBI Act
(e) None of the given options is true

Q13. A non-performing Asset in Banking Business means-
(a) A fixed asset of Bank is not been utilised
(b) A portion of deposits not been utilised
(c) A loan asset on which interest and/or instalments not paid
(d) All of the Above
(e) None of the given options is true

Q14. Alterations, if any, on cheques are required to be authenticated by the signature of-
(a) Payee
(b) Depositor
(c) Drawer
(d) Endorse
(e) All of the above

Q15. What is the purpose of KYC in banking?
(a) It is used for customer identification
(b) It is used for increasing the CRR of banks
(c) It is used for money laundering
(d) It is used by the central bank to control liquidity
(e) Both (a) and (c)

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